November 5, 2007
Prospector
Profile
07.1514
 
Pacific Sands, Inc. NAICS 325412
1509 Rapids Drive Racine, WI 53404 Description Water Treatment Products Mfg.
(262) 619-3261 Employees 6
http://www.pacificsandsinc.com/ Revenue (mil) 0.5960
  Income (mil) -0.5510
  Assets (mil) 0.2680
  Liability (mil) 0.5610
  (for the year ended 2007-06-30)
 
Category: Audit Concerns
 
Event: Frank L. Sassetti & Company expressed substantial doubt on the ability of Pacific Sands, Inc. to continue as a going concern after auditing its financial statements. Through June 30, 2007, the auditor points out that the Company had incurred cumulative losses of $3,719,950, stockholders' deficit of $293,814 and working capital deficit of $321,576.
 
Intellectual Property: The Company's trademarks include ecoONE®, e2-elemental earth™ and Rain Forest Blue™. [SEC Filing 10-KSB 10-11-07]
 
Description: The Company develops, manufactures, markets, and sells a range of non-toxic cleaning and water-treatment products based on proprietary blended botanical, nontoxic, and natural chemical technologies.
 
Officers: Michael L. Wynhoff (Pres., CEO & Dir.); Michael D. Michie (CFO, Treas. & Dir.); Mark R. Rauscher (Sec. & Dir.); John D. Hagarty (Dir.)
 
Auditor: Frank L. Sassetti & Company
 
Securities: Common Stock-Symbol PFSD.OB; OTC BB; 34,361,124 common shares outstanding as of October 11, 2007.
 
 
 
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